$0.95 Earnings Per Share Expected for Vantiv, Inc. (VNTV) This Quarter

Equities analysts predict that Vantiv, Inc. (NYSE:VNTV) will report $0.95 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Vantiv’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.96. Vantiv posted earnings of $0.75 per share during the same quarter last year, which suggests a positive year over year growth rate of 26.7%. The firm is scheduled to report its next earnings report on Wednesday, February 7th.

On average, analysts expect that Vantiv will report full year earnings of $3.35 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.37. For the next financial year, analysts forecast that the company will post earnings of $3.76 per share, with EPS estimates ranging from $3.53 to $3.95. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Vantiv.

Vantiv (NYSE:VNTV) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $551.77 million. Vantiv had a net margin of 6.07% and a return on equity of 41.19%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share.

A number of brokerages have recently commented on VNTV. Stifel Nicolaus upgraded shares of Vantiv from a “hold” rating to a “buy” rating and increased their target price for the company from $63.00 to $85.00 in a research report on Thursday, August 10th. Instinet reiterated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Vantiv in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. increased their target price on shares of Vantiv from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. William Blair reiterated an “outperform” rating on shares of Vantiv in a research report on Monday, July 24th. Finally, BidaskClub upgraded shares of Vantiv from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.60.

A number of large investors have recently modified their holdings of VNTV. Dimensional Fund Advisors LP raised its holdings in Vantiv by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 628,825 shares of the business services provider’s stock valued at $40,320,000 after acquiring an additional 6,235 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Vantiv during the first quarter worth approximately $230,000. Fox Run Management L.L.C. acquired a new stake in Vantiv during the second quarter worth approximately $690,000. Capstone Asset Management Co. raised its holdings in Vantiv by 3.1% during the second quarter. Capstone Asset Management Co. now owns 4,629 shares of the business services provider’s stock worth $293,000 after purchasing an additional 140 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its holdings in Vantiv by 0.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock worth $4,219,000 after purchasing an additional 599 shares in the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vantiv (VNTV) traded up $0.08 during midday trading on Thursday, hitting $69.39. 1,754,000 shares of the stock were exchanged, compared to its average volume of 1,909,769. The firm has a market capitalization of $12,320.41, a PE ratio of 23.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.56. The company has a debt-to-equity ratio of 7.45, a current ratio of 0.72 and a quick ratio of 0.72. Vantiv has a 1-year low of $54.38 and a 1-year high of $73.14.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/11/14/0-95-earnings-per-share-expected-for-vantiv-inc-vntv-this-quarter.html.

Vantiv Company Profile

Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.

Get a free copy of the Zacks research report on Vantiv (VNTV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vantiv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vantiv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply